The annual Forbes billionaire list lands as California debates a proposed billionaire tax, highlighting the state’s ...

A proposed tax targeting the ultra-wealthy is gaining attention in California, sparking debate over revenue, economic risk, and voter sentiment.

Bernie Sanders supports it. Newsom has opposed it. Others say California's wealthiest will flee. What's going on?

One of the most consequential trends in American politics is that Democrats are increasingly discovering what Republicans ...

A proposed wealth tax aimed at billionaires hasn’t yet qualified for California’s ballot, but it’s already sparked intense pushback from tech founders in the state. Democratic Rep. Ro Khanna, who ...

Wealthy residents of the state have put millions of dollars toward stopping a proposed 5 percent tax on their assets.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California is no stranger to wildfires. Over many years, numerous ...